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Nov 9, 2012
11/12
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KPIX
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"fiscal cliff." >> the looming "fiscal cliff." >> the impending "fiscal cliff." >> what's looming and impending is a term coined by fed chairman ben bernanke. without a budget deal before the end of the year, families will see their taxes go up two to three thousand dollars. and 1200 government programs will see their budgets slashed. and this could be a tough blow for an economy making a slow recovery. >> it's very, very likely we suffer very deep recession and i don't think that's the way we want to go here. >> of course, congress built this cliff when lawmakers approved budget cuts to reach a deal on the debt ceiling. and that deadline comes just as the bush-era tax cuts are set to expire. washington worries caused stocks to fall extending a slump into a second day. dow down today 121, nasdaq down 42, s&p 500 down 17. >>> these students amount uc- berkeley want their share of the prop 30 pie. the voter-approved tax measure is supposed to raise $6 billion for the state's public schools. those standing out there in the rain today demanded an immediate rollback of tuition. >> the poin
"fiscal cliff." >> the looming "fiscal cliff." >> the impending "fiscal cliff." >> what's looming and impending is a term coined by fed chairman ben bernanke. without a budget deal before the end of the year, families will see their taxes go up two to three thousand dollars. and 1200 government programs will see their budgets slashed. and this could be a tough blow for an economy making a slow recovery. >> it's very, very likely we suffer...
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121
Dec 15, 2012
12/12
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KRCB
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, but i think you do have to sort of look beyond the fiscal cliff, not just to the fiscal cliff. there is a lot of obsession about it for understandable reasons, if they dig in their heels there is real fiscal drag involved, we don't think that is is that is the likely scenario, we think it is much more likely they downsize the size of the cliff and maybe knock half of it off and work on the rest in early 2013, but the more important thing, tom, i think is the secular things they can do in first half of 2013 to improve the trajectory of what we are doing with our entitlement programs and with tax reforms, and if they do that, that is what i mean by looking through the cliff, if those things happen, 200013 could set up and trigger a lot of good catalysts not just in the u.s. but around the world. >> yes that's the big enchilada you are talking about with entitlement reform and tax reform, what lies beyond the cliff or for that matter, you know, what with relooking at in terms of the economy beyond it? >> well, ithink if you look at three big factors, tom, europe has gotten better
, but i think you do have to sort of look beyond the fiscal cliff, not just to the fiscal cliff. there is a lot of obsession about it for understandable reasons, if they dig in their heels there is real fiscal drag involved, we don't think that is is that is the likely scenario, we think it is much more likely they downsize the size of the cliff and maybe knock half of it off and work on the rest in early 2013, but the more important thing, tom, i think is the secular things they can do in...
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Nov 17, 2012
11/12
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CNBC
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>> this week in the fiscal cliff. >> it's because of the fiscal cliff. >> going off the fiscal cliff. >> fiscal cliff. >> looming cliff. looming cliff, one of my favorites. >> you've been watching this week in the fiscal cliff. >> it's a surprise. that's why we are throwing our surprise party tonight. have i overdone this yet? fiscal cliff. we're having a birthday cake, surprise cake. it's one of those that has ice cream. cvs barely budged the day it reported. almost like someone took a knife and stuck it into the outside surprise party. talk about a party pooper. what are these, titanium balloons? inappropriate balloon moment there. [singing] hoveround takes me where i wanna go... where will it send me... one call to hoveround and you'll be singing too! pick up the phone and call hoveround, the premier power chair. hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair.
>> this week in the fiscal cliff. >> it's because of the fiscal cliff. >> going off the fiscal cliff. >> fiscal cliff. >> looming cliff. looming cliff, one of my favorites. >> you've been watching this week in the fiscal cliff. >> it's a surprise. that's why we are throwing our surprise party tonight. have i overdone this yet? fiscal cliff. we're having a birthday cake, surprise cake. it's one of those that has ice cream. cvs barely budged the day it...
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Dec 27, 2012
12/12
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FBC
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gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news for home sellers because there is less competition. bad news for buyers. demand is also up, rising rent,
gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right...
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1.6K
Nov 16, 2012
11/12
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CNBC
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>> this week in the fiscal cliff. >> it's because of the fiscal cliff. >> going off the fiscal cliff. >> fiscal cliff. >> looming cliff. looming cliff, one of my favorites. >> you've been watching this week in the fiscal cliff. >> it's a surprise. that's why we are throwing our surprise party tonight. have i overdone this yet? fiscal cliff. we're having a birthday cake, surprise cake. it's one of those that has ice cream. cvs barely budged the day it reported. almost like someone took a knife and stuck it into the outside surprise party. talk about a party pooper. what are these titanium balloons? inappropriate balloon moment there. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade.
>> this week in the fiscal cliff. >> it's because of the fiscal cliff. >> going off the fiscal cliff. >> fiscal cliff. >> looming cliff. looming cliff, one of my favorites. >> you've been watching this week in the fiscal cliff. >> it's a surprise. that's why we are throwing our surprise party tonight. have i overdone this yet? fiscal cliff. we're having a birthday cake, surprise cake. it's one of those that has ice cream. cvs barely budged the day it...
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Dec 30, 2012
12/12
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CSPAN2
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and they get together, and they chant fiscal cliff, fiscal cliff, fiscal cliff. and if you're an intelligence politician and you walk out to do a press conference and you say what i just said to you -- which is the fiscal cliff is a fantasy, it is an excuse to panic, it's a device to get all of us running down the road so we accept whatever obama wants because otherwise we have failed the fiscal cliff, and how can you be a patriot if you don't do what the fiscal cliff requires? and the fiscal cliff will tell us one afternoon much like the land of oz where there will be this person hiding behind the machine who will say raise taxes now. and if you don't raise taxes now, you'll have violated the fiscal cliff. now, do any of you want to be the person who stands up and destroys america by violating the fiscal cliff? do you want to explain that you are so out of touch of life that you don't care america's going to die late on thursday? [laughter] it's all right if that's the kind of person you are, because we just need to know it now because we're never going to sched
and they get together, and they chant fiscal cliff, fiscal cliff, fiscal cliff. and if you're an intelligence politician and you walk out to do a press conference and you say what i just said to you -- which is the fiscal cliff is a fantasy, it is an excuse to panic, it's a device to get all of us running down the road so we accept whatever obama wants because otherwise we have failed the fiscal cliff, and how can you be a patriot if you don't do what the fiscal cliff requires? and the fiscal...
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Nov 8, 2012
11/12
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KTVU
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. >> reporter: do you know what the fiscal cliff is? >> the fiscal cliff? no. i haven't heard of that. >> i haven't a clue what a fiscal cliff is. >> never heard of that term. >> reporter: you will and soon. >> enormous changes that are scheduled to happen around new year's day. >> the president and congress passed a law. absent a deal, tax increases for everyone. massive budget cuts and a reduction of the federal budget. >> large cuts in defense spending. large cuts in non-defense spending. what that means is the government will buy fewer things. hundreds of billions of dollars less. >> reporter: government will have less to spend. higher taxes means individuals and businesses will have less money. >> it will be noticeable and painful. >> reporter: huge layoffs possible, the u.s. economy could stall or -- >> you could see a recession. >> reporter: now that we know -- >> i hope not. >> it is us who have to pressure those people representing us. >> they should be more in tune with what americans need. >> sit down and come to an agreement. >> reporter: with congr
. >> reporter: do you know what the fiscal cliff is? >> the fiscal cliff? no. i haven't heard of that. >> i haven't a clue what a fiscal cliff is. >> never heard of that term. >> reporter: you will and soon. >> enormous changes that are scheduled to happen around new year's day. >> the president and congress passed a law. absent a deal, tax increases for everyone. massive budget cuts and a reduction of the federal budget. >> large cuts in defense...
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Nov 17, 2012
11/12
by
WBAL
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eye 118
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>> this week in the fiscal cliff. >> it's because of the fiscal cliff. >> going off the fiscal cliff. >> fiscal cliff. >> looming cliff. looming cliff, one of my favorites. >> you've been watching this week in the fiscal cliff. >> it's a surprise. that's why we are throwing our surprise party tonight. have i overdone this yet? fiscal cliff. we're having a birthday cake, surprise cake. it's one of those that has ice cream. cvs barely budged the day it reported. almost like someone took a knife and stuck it into the outside surprise party. talk about a party pooper. what are these titanium balloons? inappropriate balloon moment there. but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer
>> this week in the fiscal cliff. >> it's because of the fiscal cliff. >> going off the fiscal cliff. >> fiscal cliff. >> looming cliff. looming cliff, one of my favorites. >> you've been watching this week in the fiscal cliff. >> it's a surprise. that's why we are throwing our surprise party tonight. have i overdone this yet? fiscal cliff. we're having a birthday cake, surprise cake. it's one of those that has ice cream. cvs barely budged the day it...
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Nov 9, 2012
11/12
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KRON
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eye 142
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cliff. >> the physical plant. >> the looming fiscal cliff. , congress created the fiscal cliff to force itself with the growing national debt. worst-case scenario in case there is no agreement on cutting spending and raising revenue. if there is no compromise by the end of the year, the pentagon's budget will be slashed by $55 billion. a 10% from every program and another 55 billion from non-stiffens programs like education, food, inspections and non- defense-programs. medicare payments will drop to 26 by 27% to doctors and also all tax residents could see a 50% increase on tax residents. it is much like what could see on the james bond " skyfall;; catherine heenan, kron 4. >> president mohammad morrissey, and benjamin netanyahu, and david cameron of england. they say that all of these world leaders are congratulate him on a second term. president obama has the opportunity to travel to miramar-- myamar... coming up next from the jack in the box sports a tadesk [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fanc
cliff. >> the physical plant. >> the looming fiscal cliff. , congress created the fiscal cliff to force itself with the growing national debt. worst-case scenario in case there is no agreement on cutting spending and raising revenue. if there is no compromise by the end of the year, the pentagon's budget will be slashed by $55 billion. a 10% from every program and another 55 billion from non-stiffens programs like education, food, inspections and non- defense-programs. medicare...
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Dec 31, 2012
12/12
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WJLA
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only 13 hours before the nation plunges over the fiscal cliff. >> while the fiscal cliff is in limbo, the dairy cliff has been averted. there is some good news. allen joins us from bloomberg headquarters in new york. >> hello. that is what we are all watching. stock futures are pointing to a little change here at the open. of course, one of the concerns of the cliff has to do with milk prices. you may have heard that they were set to rise to $6 or $8. one thing lawmakers are trying to do is to avoid us going over the dairy cliff. the senate agriculture committee chairs, with a draft bill that would extend the farm bill. tim vilsack -- tom vilsack yesterday warned that without a new farm bill, consumers would pay the price. let's talk about colleges. they are under pressure to be more affordable. "the wall street journal" says 24 have frozen tuition. that includes roger williams and others. you have cut tuition including seton hall university. -- you have cut tuition, including seton hall university. apple may be working on at the iwatch. i have more coming up on that in the next hour.
only 13 hours before the nation plunges over the fiscal cliff. >> while the fiscal cliff is in limbo, the dairy cliff has been averted. there is some good news. allen joins us from bloomberg headquarters in new york. >> hello. that is what we are all watching. stock futures are pointing to a little change here at the open. of course, one of the concerns of the cliff has to do with milk prices. you may have heard that they were set to rise to $6 or $8. one thing lawmakers are trying...
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Dec 17, 2012
12/12
by
KGO
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eye 156
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republicans give an inch in the fiscal cliff debate. what they're willing to give up to keep tax cuts for the middle class from expiring. >> so much violence, people in the bay area are fighting back. these random acts of kindness coming up. >> leigh: i'm leigh glaser. accuweather seven-day forecast showing a pretty stormy outlook for this u >> ama: doweling news. a driver flipped her car near the caldecott tunnel. its burt burst into flames. the drive lost control, her car nipped and hit a tree. both women inside were able to escape without injury. >>> we can all probably use a big hug and that's what volunteers from the hunting happiness project were delivering at the oakland farmers market today. as a visitor who browsed in jack london square, they were hit with random acts of kindness. hugs and high fives or encouraging words, small gestures that make a big difference. >> hugs can help you get through the day. i think that's something that is meaningful. >> it's nice to reach out and just be nice. something we need to do more of, i
republicans give an inch in the fiscal cliff debate. what they're willing to give up to keep tax cuts for the middle class from expiring. >> so much violence, people in the bay area are fighting back. these random acts of kindness coming up. >> leigh: i'm leigh glaser. accuweather seven-day forecast showing a pretty stormy outlook for this u >> ama: doweling news. a driver flipped her car near the caldecott tunnel. its burt burst into flames. the drive lost control, her car...
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Dec 28, 2012
12/12
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FBC
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a number of companies will, you know, dive over the fiscal cliff, and i'm tired of the "fiscal cliff" term, pardon me, it's a manmade term, the fc, whatever happens january 1st. here's why they get sales from government contracts. that's the deal. it's not just the lockheed martins of the world. you'll see in here, humana, other health care companies, of course, medical device companies hit with the tax, but they have striker, for example, and there's a lot of sales from government contracts. you'll see in here, look at that, motorola, holdings in and waste management companies like waste management and republic services, ashley. ashley: what are the stock prices on the companies, iz? >> good point. goldman sachs warned since 2011 when that debt ceiling crisis hit in the summer of 2011 that triggered the fiscal cliff learning that the companies could under perform, but there's another wall street player, and that's fidelity saying watch for the banks, not just because they are under pressure as they track the general economy, but it's because business capital spending is down as of th
a number of companies will, you know, dive over the fiscal cliff, and i'm tired of the "fiscal cliff" term, pardon me, it's a manmade term, the fc, whatever happens january 1st. here's why they get sales from government contracts. that's the deal. it's not just the lockheed martins of the world. you'll see in here, humana, other health care companies, of course, medical device companies hit with the tax, but they have striker, for example, and there's a lot of sales from government...
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127
Dec 4, 2012
12/12
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CNBC
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fiscal cliff buoyant because the fiscal cliff buoyant because the fiscal cliff is not that big of an issue. maybe that's why the averages once again refuse to drop dramatically, the dow falling 60 points. despite the obvious impasse i saw firsthand when i appeared on "meet the press" with david gregory this weekend, i know i've been interpreting the market's relative success through a difficult period. success is defined by no huge hammering like we had during the debt ceiling crisis as a sign that either perhaps people didn't understand what awaits them -- no no! or that there might be a deal on the horizon to avoid the fiscal cliff, the fact that the republicans put out an offer, like their old offer before the president won re-election, it does feel like the two sides are talking, but they appear to be talking past each other. the clock is really ticking in washington. ticking against a deal. i think the two sides seem to hate each other more than ever. i don't now, it seems like the last 72 hours i was hoping it was going to get better and it seems like it got worse. i spent a to
fiscal cliff buoyant because the fiscal cliff buoyant because the fiscal cliff is not that big of an issue. maybe that's why the averages once again refuse to drop dramatically, the dow falling 60 points. despite the obvious impasse i saw firsthand when i appeared on "meet the press" with david gregory this weekend, i know i've been interpreting the market's relative success through a difficult period. success is defined by no huge hammering like we had during the debt ceiling crisis...
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Nov 9, 2012
11/12
by
KPIX
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"fiscal cliff." >> the looming "fiscal cliff." >> the impending "fiscal cliff." >> and it's just getting started. now at 6:30, it's looming, it's impending. it's the term coined by the fed chair ben bernanke. and it's the first crisis president obama will have to tackle even before his second term gets under way. cbs 5 political reporter grace lee walks us to the precipice and looks over the edge of that "fiscal cliff." >> reporter: let me tell you it's scary and there's a reason they call it a cliff. it's designed to be drastic and painful. this is to force congress in a action. so if you are at home thinking it's not going to affect you you're wrong. if congress and the president cannot work out a deal before the end of the year, coming soon a very big dent in your wallet. >> we won't solve the problem of the fiscal balance overnight. >> compromise is not a dirty word. >> reporter: but as we have seen in the past compromise is not easu for congress since it has done nothing to solve our "fiscal cliff" problem so far and the clock is ticking. >> there's something in here for everyone to
"fiscal cliff." >> the looming "fiscal cliff." >> the impending "fiscal cliff." >> and it's just getting started. now at 6:30, it's looming, it's impending. it's the term coined by the fed chair ben bernanke. and it's the first crisis president obama will have to tackle even before his second term gets under way. cbs 5 political reporter grace lee walks us to the precipice and looks over the edge of that "fiscal cliff." >>...
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Nov 9, 2012
11/12
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KRON
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. >> the fiscal cliff. the fiscal cliff. the fiscal cliff. the looming fiscal cliff. >> ♪ congress created the fiscal cliff in order to force itself to do with the growing national debt. worst-case scenario of a case there is no agreement on cutting spending and raising revenue. if there is no compromise by the end of the year. the pentagon's budget will be slashed by $55 billion. 10th another 55 billion will be cut from non-defense programs education full inspections, air travel safety. medicare payments to doctors will drop by 27 percent. all americans rich and poor will see their taxes rise by up to 50%. the impact on the recovering the economy everyone agrees it will be like what happens to james bond in sky fog. kron 4 news. >> we will follow the latest developments on capitol hill as the approach the fiscal clip. san jose a quick live look traffic is fine. they have rain not too long ago it may still be falling. we will find out from erica. it is chilly 47 in san warning of only 256 this afternoon. 0ñ@Ñ we are back at 4:44 am. here'
. >> the fiscal cliff. the fiscal cliff. the fiscal cliff. the looming fiscal cliff. >> ♪ congress created the fiscal cliff in order to force itself to do with the growing national debt. worst-case scenario of a case there is no agreement on cutting spending and raising revenue. if there is no compromise by the end of the year. the pentagon's budget will be slashed by $55 billion. 10th another 55 billion will be cut from non-defense programs education full inspections, air travel...
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Sep 22, 2012
09/12
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CNN
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the big choice remains beyond the fiscal cliff. >> fiscal cliff holding back hiring, keeping the unemployment rate higher than it should be. >> a real difference between talking about the potential economic effect of the fiscal cliff in dealing with our debt and deficit problem, two different conversations. agree with something ben said, cannot balance the federal budget and cannot cut it based upon the discretionary budget at all. you have to address the fat where the fat is. how do you do that in ent tamts, talk about raising the age of social security and the age of medicare. >> yes, yes and yes. >> will and i agree on that. >> people live longer these days. >> can't do that in an election year. >> not at all. >> somebody always trying to get elected. >> people want their stuff. they want their stuff and they don't want to pay for it. >> let's look at some of the things with the safety net. 26% are using medicaid. 15% on food stamps, 8% are using something called the food aid for women, infants and children. 4% housing assistance and 2% receive aid to needy families. other safety nets, not
the big choice remains beyond the fiscal cliff. >> fiscal cliff holding back hiring, keeping the unemployment rate higher than it should be. >> a real difference between talking about the potential economic effect of the fiscal cliff in dealing with our debt and deficit problem, two different conversations. agree with something ben said, cannot balance the federal budget and cannot cut it based upon the discretionary budget at all. you have to address the fat where the fat is. how...
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cliff the fiscal cliff of course is the culmination of years and years of failing to take responsibility for a rogue economy that they're going to try to reconcile all at once when the entire population of america jumps off the fiscal cliff whether they do so the next two months or six months or twelve months is irrelevant that fiscal cliff is coming the gold cliff is also coming and it's something that i think people need to be aware of that's right well actually that takes us to this next said i'm. x. gold reserves stored securely so after decades of trying the buddhist bank actually has responded to all the queries from data from large scholl from max kaiser they actually give a list of where their gold is stored and they say that despite frankfurt has one thousand and thirty six tons or thirty one percent of germany's gold the federal reserve bank of new york has one thousand five hundred thirty six tons or forty five percent of all of germany's gold bank of england has four hundred fifty tons or thirteen percent bank to france has three hundred seventy four tons or eleven percent we
cliff the fiscal cliff of course is the culmination of years and years of failing to take responsibility for a rogue economy that they're going to try to reconcile all at once when the entire population of america jumps off the fiscal cliff whether they do so the next two months or six months or twelve months is irrelevant that fiscal cliff is coming the gold cliff is also coming and it's something that i think people need to be aware of that's right well actually that takes us to this next...
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Dec 17, 2012
12/12
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WUSA
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fiscal cliff. the fiscal cliff soap box. come on through. how you doing? all right, people, step up. the fiscal cliff soap box. we'll give you this beautiful 9news travel mug if you talk to us. here we go. step right up. do you worry about your taxes going ?up. >> i'm not wealthy so no. >> reporter: if we go off the cliff, taxes will go up on everybody. >> everybody? >> reporter: everybody. tell the politicians what you think of them. >> my name is lou weinstein and i write novels. no one wants to hold up a tax cut for most people in this country so the richest people can avoid paying their fair share. it's absurd. happy to pay the additional taxes if he agrees not to spend any more than he already has. >> reporter: come on. give me a break. >> of course the rich will have to pay more. they could certainly suck it up. >> i don't know what that means. >> one party can't add and the other party are too much wooses. >> reporter: the fiscal cliff? >> there's money problems. >> please don't film me. >> republicans can't add and the democrats are woosies. i'm no
fiscal cliff. the fiscal cliff soap box. come on through. how you doing? all right, people, step up. the fiscal cliff soap box. we'll give you this beautiful 9news travel mug if you talk to us. here we go. step right up. do you worry about your taxes going ?up. >> i'm not wealthy so no. >> reporter: if we go off the cliff, taxes will go up on everybody. >> everybody? >> reporter: everybody. tell the politicians what you think of them. >> my name is lou weinstein...
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Aug 8, 2012
08/12
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FOXNEWSW
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and how do you distinguish it from the fiscal cliff. >> the fiscal cliff, if they don't do anything, taxes will go up and spending will be cut and businesses are hunkering down. but we looked at it and we said, is that their main concern? or are they more concerned about the prospect of a second ork bottomma term? if you look at what he has promised to do in the second term, there is good reason for businesses to worry. for example, he said, i am going to raise taxes. he says, it's only on the rich. but he's admitted that he is going to raise taxes on small businesses. he says it will impact 2% of small businesses. that sounds like not very many. but when you figure that's 900,000 small businesses to see a tax increase. he also wants to raise capital gains taxes and dividend tax significantly. this will affect investments. so businesses are looking at that. they are thinking, this is not going to be good for us. he has also promised to continue to advance the regulatory machinery that has been turbocharged under his administration. and the first three years, he has put in place, regu
and how do you distinguish it from the fiscal cliff. >> the fiscal cliff, if they don't do anything, taxes will go up and spending will be cut and businesses are hunkering down. but we looked at it and we said, is that their main concern? or are they more concerned about the prospect of a second ork bottomma term? if you look at what he has promised to do in the second term, there is good reason for businesses to worry. for example, he said, i am going to raise taxes. he says, it's only...
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Nov 8, 2012
11/12
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KICU
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>> actually i don't. >> do you know what the fiscal cliff is? >> i haven't a clue what a fiscal cliff is. >> i haven't heard of that term. >> reporter: you will, and soon. >> enormous changes that are currently scheduled to happen on new years day. >> reporter: absent a deal, there will be automatic tax increases for everyone, massive budget cuts and a huge reduction of the federal budget. >> there will be very large cuts in defense spending. there will be equally large cuts in non-audience spending. what that means of course request is that the government will buy many fewer things. hundreds of billions of dollars less. >> reporter: government will have far less money to spend and businesses will have less money. >> it will be big enough that it will be noticeable and it will be painful. >> reporter: huge layoffs across the board possible, and the economy may stall. >> it's entirely possible that you could see a recession. >> reporter: now that we know. >> i hope it's not us who have to pressure those people representing us to get off their rec
>> actually i don't. >> do you know what the fiscal cliff is? >> i haven't a clue what a fiscal cliff is. >> i haven't heard of that term. >> reporter: you will, and soon. >> enormous changes that are currently scheduled to happen on new years day. >> reporter: absent a deal, there will be automatic tax increases for everyone, massive budget cuts and a huge reduction of the federal budget. >> there will be very large cuts in defense spending....
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Sep 22, 2012
09/12
by
CNN
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falls over the fiscal cliff. that fiscal cliff is a combination of tax increases and budget cuts that will hit at the beginning of next year unless of course congress does its job and fixes it. some of the cuts to education programs would hurt at-risk students. pell grants are safe at least for next year, but most other financial aid programs face a 8.8% cut. other programs would be cut as well, that means less money to support smaller class rooms, after school programs. programs that support research would also be scaled back. the rest of the world is moving forward. u.s. college graduate rates are among the highest in the world, but the organization for economic development said the world is catching up quickly and may surpass the u.s. the u.s. ranked 22nd out of 27 countries, and just 27% of students in the u.s. with parents who didn't graduate from high school will go on to attend college. that's worse than any other country except new zealand and canada. we're cover lg of the issues important to you this wee
falls over the fiscal cliff. that fiscal cliff is a combination of tax increases and budget cuts that will hit at the beginning of next year unless of course congress does its job and fixes it. some of the cuts to education programs would hurt at-risk students. pell grants are safe at least for next year, but most other financial aid programs face a 8.8% cut. other programs would be cut as well, that means less money to support smaller class rooms, after school programs. programs that support...
WHUT (Howard University Television)
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Dec 9, 2012
12/12
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WHUT
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. >> it has probably not escaped your attention that the mantra "fiscal cliff, fiscal cliff, fiscal cliff" is played out every night on the evening news and the corporate news. what does that say to you? that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan and didn't pay for it, i didn't hear from any people in the media complaining about that. what it tells me is that behind the corporate drive for deficit reduction is a significant effort to try to cut social security, medicare, and medicaid and other programs that working families need, not so much because of deficit reduction, because this has been the agenda of republicans and right wingers for a very long time. >> so how do you see this fiscal debate playing out in the next couple of weeks? >> we have, those of us who say that deficit reduction is a serious issue, i believe it is. but believe very strongly that at a time when we have the
. >> it has probably not escaped your attention that the mantra "fiscal cliff, fiscal cliff, fiscal cliff" is played out every night on the evening news and the corporate news. what does that say to you? that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan...
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Dec 10, 2012
12/12
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CSPAN2
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[laughter] let me start with the fiscal cliff right here and say there is no fiscal cliff. conservatives and republicans are demoralized. get over it. we did a number of stupid things. they were smarter than we work, work harder than we did, fought longer than we did, did some clever things. ronald reagan, one of the most important single statements is february, 1975 in washington that the conservative political action committee meeting. now, i was part of this. i have no sense of timing. so i picked one. [laughter] ayman georgia. i have a strange accent, a weird name. this was beyond not clever. [laughter] this is light don't give me money, pay for the therapy. [laughter] in december of 1974 the republican party i.t. was at 17%. and the serious talk was the party going to be replaced? it was nonsense that was serious talk and i was a part of the group that came out of the wreckage and began reading the republican national committee and doing national analysis of what went wrong. there's the commercial called republicans are people, too peery when you are in that troubled t
[laughter] let me start with the fiscal cliff right here and say there is no fiscal cliff. conservatives and republicans are demoralized. get over it. we did a number of stupid things. they were smarter than we work, work harder than we did, fought longer than we did, did some clever things. ronald reagan, one of the most important single statements is february, 1975 in washington that the conservative political action committee meeting. now, i was part of this. i have no sense of timing. so i...
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Dec 30, 2012
12/12
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KPIX
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what lawmakers in washington are doing to try to avoid the "fiscal cliff." ,, ,,,,,,,,,,,, fiscal cliff. the house and senate return to work tomor s reporter tara me >>> the clock is ticking as congressional leaders struggle to avoid the "fiscal cliff." the house and senate return to work tomorrow. cbs reporter tara mergener on what senate leaders are doing to come up with a last-minute compromise. >> reporter: house majority leader john boehner and senate minority leader mitch mcconnell were in the capital building today hoping to beat the deadline to the luge "fiscal cliff." >> got to get a deal? >> hope so. >> reporter: behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases january 1. it won't address deficit resit, across-the-board spending cuts or other issues. in both party addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay more. >> the president's tax hike w
what lawmakers in washington are doing to try to avoid the "fiscal cliff." ,, ,,,,,,,,,,,, fiscal cliff. the house and senate return to work tomor s reporter tara me >>> the clock is ticking as congressional leaders struggle to avoid the "fiscal cliff." the house and senate return to work tomorrow. cbs reporter tara mergener on what senate leaders are doing to come up with a last-minute compromise. >> reporter: house majority leader john boehner and senate...
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Dec 25, 2012
12/12
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CSPAN2
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they get together and chant fiscal cliff, face fiscal cliff. it you're an intrejt politician and you say what i said which is the fiscal cliff isn't a "fantasy." it is an excuse to panic. it's a device to get us running down the road so we accept whatever obama wants otherwise we failed the fiscal cliff how can you be a patriotism if you don't what the fiscal cliff requires and they will tell us much like the land of oz. there will be the person hiding the behind the machine that say raise taxes now. and if you don't raise taxes now you violated the fiscal cliff. do you want to be the person who stands up and destroying america? do you want to go on one of the national networking and explain your reactionary and out of touch with life you don't care that america is going to die late on thursday? [laughter] it's all right if that's kind of person you are. we're never going schedule you. you will be never on television. you are clearly weird. [laughter] let me start with the idea and say there is no fiscal cliff. we had a bad election. we did a n
they get together and chant fiscal cliff, face fiscal cliff. it you're an intrejt politician and you say what i said which is the fiscal cliff isn't a "fantasy." it is an excuse to panic. it's a device to get us running down the road so we accept whatever obama wants otherwise we failed the fiscal cliff how can you be a patriotism if you don't what the fiscal cliff requires and they will tell us much like the land of oz. there will be the person hiding the behind the machine that say...
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Sep 15, 2012
09/12
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CNBC
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>> and now jim cramer explains the pending fiscal cliff. >> the fiscal cliff, the fiscal cliff, the fiscal cliff is coming! >> this has been jim cramer explains the pending fiscal cliff. >> how do they have their hands when they go? now that fashion week is in full swing in new york city, i think this is the perfect time to circle back to some of the retailers that are really nailing it on the fashion side of the equation. ♪ michael kors. kors is almost too sexy for itself. the next fashionista on our catwalk, it's gap. ♪ ♪ gucci, fendi >> phenomenal. how about nordstrom's. fourth, we've got urban outfitters. ♪ and our final fashionista, lululemon. ♪ [ laughter ] >> loved it, right? loved it. >>> back to school season is very much upon us. that means before we answer your tweets and e-mails, you got to do some homework. so let's get at it. here is what i am handing in a little late. we took some time off. it's august 15th. todd from north carolina asked about us stonemor partners, stom. there are only two things certain in this country, death and taxes and stonemor is available i
>> and now jim cramer explains the pending fiscal cliff. >> the fiscal cliff, the fiscal cliff, the fiscal cliff is coming! >> this has been jim cramer explains the pending fiscal cliff. >> how do they have their hands when they go? now that fashion week is in full swing in new york city, i think this is the perfect time to circle back to some of the retailers that are really nailing it on the fashion side of the equation. ♪ michael kors. kors is almost too sexy for...
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Dec 31, 2012
12/12
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FOXNEWSW
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president will not go to hawaii to avoid the fiscal cliff and ever continue we get past the fiscal cliff, round two is in a couple of months when congress has to raise the debt ceiling to keep the country from default. trace? >>trace: thank you, wendell, from the white house. joining us now is columnist for the congressional newspaper "the hill." i have to go on what wendell says, if you are speaker boehner and you walk to the house of representatives members and say there is kind of a deal but no spending cuts. how does that fly? >>reporter: that is the problem. what you see are words of hope from the republican leader on the senate side how we are very close to what has to be fixed, the tax rates. he is trying to put a positive spin on that. we knew they would be fixed. the worry all along was, were we going to see a replacement for the draconian sequestration cuts everyone hated on both sides of the aisle for 17 months. here we are, in the final stretch, the 11th hour, surprise, both have given on the tax issue because neither could stand to go over the fiscal cliff, the tax cliff but
president will not go to hawaii to avoid the fiscal cliff and ever continue we get past the fiscal cliff, round two is in a couple of months when congress has to raise the debt ceiling to keep the country from default. trace? >>trace: thank you, wendell, from the white house. joining us now is columnist for the congressional newspaper "the hill." i have to go on what wendell says, if you are speaker boehner and you walk to the house of representatives members and say there is...
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Nov 10, 2012
11/12
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KRON
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. >> the fiscal cliff. >> the fiscal cliff. >> building fiscal cliff. >> congress created the fiscal cliff to force yourself to do with the national debt is the worst- case scenario in case there is no agreement on cutting spending and raising revenue. if there is no agreement by the end of the year there will be $55 billion a/with 10 percent from each program and another $55 billion from non-defense programs. air travel safety, food safety and medical payments will drop by 27 percent. all americans, rich, poor will see their taxes rise by nearly 50%! the impact on the recovering economy everybody believes is what would have happened to james bond to jamesskyfa'sky >> catherine heenan, kron 4. >>pam: kron 4 is just i justine waldman. >> solutions to keep america from falling off the fiscal cliff are not pretty. >> it would be really hard headed if they come to an agreement. >> the president and congress allowed a kron agreement to fall over by. >> with higher unemployment, the only positive if there is a positive here is that the deficit will go down. >> if there is no agreement it w
. >> the fiscal cliff. >> the fiscal cliff. >> building fiscal cliff. >> congress created the fiscal cliff to force yourself to do with the national debt is the worst- case scenario in case there is no agreement on cutting spending and raising revenue. if there is no agreement by the end of the year there will be $55 billion a/with 10 percent from each program and another $55 billion from non-defense programs. air travel safety, food safety and medical payments will drop...
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debate about the so-called fiscal cliff fiscal cliff is really a fraud it's a it's a term invented by helicopter ben bernanke of the federal reserve so not a good thing it's designed to stampede people here's the main idea you don't need to have genocidal austerity by cutting social security medicare medicaid unemployment benefits food stamps in particular there's one huge flow of wealth that has not ever been taxed in recent years it's called wall street if you look at the main zombie banks and wall street wells fargo bank of america citi bank goldman sachs they generally pay zero federal corporate income taxes that's one side they pay nothing over a period of ten years they might pay one and two percent at most but the other thing is the turnover in other words they're buying and selling their trading they're doing flash trading high frequency trading they're doing a million trades per second on one computer and they have many computers there's no sales tax on any of that the average person to buy a pair of shoes or some clothing or some electronics you're going to pay sales tax in
debate about the so-called fiscal cliff fiscal cliff is really a fraud it's a it's a term invented by helicopter ben bernanke of the federal reserve so not a good thing it's designed to stampede people here's the main idea you don't need to have genocidal austerity by cutting social security medicare medicaid unemployment benefits food stamps in particular there's one huge flow of wealth that has not ever been taxed in recent years it's called wall street if you look at the main zombie banks...
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Sep 14, 2012
09/12
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CNBC
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>> and now jim cramer explains the pending fiscal cliff. >> the fiscal cliff, the fiscal cliff, the fiscal cliff is coming! >> this has been jim cramer explains the pending fiscal cliff. >> how do they have their hands when they go? now that fashion week is in full swing in new york city, i think this is the perfect time to circle back to some of the retailers that are really nailing it on the fashion side of the equation. ♪ michael kors. kors is almost too sexy for itself. the next fashionista on our catwalk, it's gap. ♪ ♪ gucci, fendi >> phenomenal. how about nordstrom's. fourth, we've got urban outfitters. ♪ and our final fashionista, lululemon. ♪ [ laughter ] >> loved it, right? loved it. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll
>> and now jim cramer explains the pending fiscal cliff. >> the fiscal cliff, the fiscal cliff, the fiscal cliff is coming! >> this has been jim cramer explains the pending fiscal cliff. >> how do they have their hands when they go? now that fashion week is in full swing in new york city, i think this is the perfect time to circle back to some of the retailers that are really nailing it on the fashion side of the equation. ♪ michael kors. kors is almost too sexy for...
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Nov 9, 2012
11/12
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WUSA
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. >>> the bickering over the impending fiscal cliff is enough to drive just about anyone to drink. today the president will address the fiscal deadline facing america. and congress says if they do not reach an agreement by january 1 on spending, the u.s. could fall into a recession. tara mergener has more. >> reporter: today, president obama will urge lawmakers to work with him to steer the country away from the fiscal cliff. the cliff is a series of automatic tax hikes and spending cuts that will kick in at the end of the year, unless republicans and democrats can reach a deal. both sides say they are willing to work together. >> we're not going over the cliff. we're determined not to go over the cliff. i think better heads will prevail. >> reporter: a fight over taxes is already looming. democratics want families making more than $250,000 a year to pay more. republicans reject that idea. they want cuts to entitlement programs and are pushing tax reform that closes loopholes and eliminates some deductions. >> this is an opportunity for the president to lead. this is his moment. to
. >>> the bickering over the impending fiscal cliff is enough to drive just about anyone to drink. today the president will address the fiscal deadline facing america. and congress says if they do not reach an agreement by january 1 on spending, the u.s. could fall into a recession. tara mergener has more. >> reporter: today, president obama will urge lawmakers to work with him to steer the country away from the fiscal cliff. the cliff is a series of automatic tax hikes and...